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April 20. 1971 WEEKLY BUSINESS .^OFco^ Annual Subscription: domestic, $15.00; foreign, $18.75 (no single copies sold). Order from Superintendent of Documents, U.S. Government Printing Office, Washington, D.C. 20402. w I M I Id 1 ll#w U.S. DEPARTMENT OF COMMERCE/BUREAU OF ECONOMIC ANALYSIS BILLIONS OF DOLLARS 1550 BILLIONS OF DOLLARS 550 _ TOTAL LOANS AND INVESTMENTS 525 (Weekly Reporting Member Banks of Federal Reserve System) 500 r 475 - 450 - _ ™ ^ ^ ^ ^ ^ 400 375 ™ y\\ 425 350 Monthly (average of Wednesday data) - ^y r*^~^^ „, ! , „ ! 1 \ 1 1 1 1 ! ! J ! 1 I 1 i 1977 1976 I 1 I I I ! ! —J - J 1 1 L—l 1978 I L _ i _J — L _ 1979 J F M A M J J A S O N D Data: Federal Reserve Board INDEX, 1941-43=10 140 INDEX, 1941-43=10 140 PRICES OF 400 INDUSTRIAL STOCKS 130 Monthly - (a v 9- of daily close) _ 110 - 100 - 90 - 80 - 70 I i 1 I i 1 i I i i i 1 1 1 I 1 1 1 1 1 1 1 1976 | 1 1 I 1977 1 1 1 ! 1 I 1 1 1 I 120 ~ /r f^ vj 1978 110 100 90 80 1 1 1 1 1 1 1,.,]_ L ™ 1979 1978 130 1979 - 120 Weekly (Wednesday close) - i i i i i l l I I 1 1 J F MA M J J A S O N D Data: Stand & Poor's Corp. HOURS 52 DOLLARS A40 MANUFACTURING HOURS & AOO ~ EARNINGS 50 (Hours seasonally adjusted) 6.60 6.20 Average Hourly Gross Earnings (left scale) V^ 5.80 5.40 5.00 4.60 48 y _. >tf^>j • 11111111111 II Data: U.S. Dept. of Labor i M 111 I I i 1977 - 46 - 44 1978 ^y^^ V J ^ 20 - 40 " 11111111111 1979 38 10 — Liquidated 15 i u L.LJLJLJLJL-LXJ i 1 1 1 i l_l_l J_JL_L 1976 1977 Data: Federal Reserve Board WEEKLY BUSINESS STATISTICS updates selected data that are published monthly In the SURVEY OF CURRENT BUSINESS. *> ^s~ * / ^ ^ 25 _ 42 • i j i Li-Li 11 I I H (seasonally adjusted) Extended Average Hours Per Week (right scale) * • * — " * * — - ^ " " > 1976 BILLIONS OF DOLLARS 35 CONSUMER INSTALLMENT CREDIT EXTENDED AND 30 "LIQUIDATED lllil 1978 i i i i i 1I I i i i 1979 70 WEEKLY 2 BUSINESS STATISTICS 1978 Apr. 8 SPOT MARKET PRICES, 22 COMMODITIES 2/ 9 Foodstuffs 1967=100.. do 13 Raw industrials do.... 228.2 239.9 220.3 Apr. 15 229.2 241.2 221.2 279.9 266.7 289.3 277.7 256.0 293.6 276.1 252.6 293.4 449 thous .. 338 280 296 300 INSURED UNEMPLOYMENT, all programs . .do State programs (50 states, D.C., and Puerto Rico) do.... FAILURES, INDUST. AND COMMERCIAL (Dun § Bradstreet)...number.. 2,845 2,549 144 2,706 2,425 158 2,844 2,663 191 2,734 2,557 179 INITIAL UNEMPLOYMENT CLAIMS, State programs Apr. 14 Apr. FINANCE: Currency in circulation 5/ mil. $.. Federal Reserve bank, credit outstanding, total 3/ do.... Member bank reserve balances do.... Excess reserves, estimated 3/ do.... Assets and liabilities of large commercial banks: 4/ Demand deposits, adjusted .... do Savings deposits do.... Loans and investments, gross adjusted, total do.... U.S. Government obligations do.... Commercial and industrial loans (gross) do Real estate loans (gross) , do. ... 102,655 116,520 36,566 275 103,389 114,241 35,904 -12 111,888 127,097 40,537 188 111,757 125,968 39,934 78 112,329 126,456 40,462 416 114,711 94,490 445,536 46,405 129,560 76,938 116,375 94,054 443,442 46,698 129,974 77,239 98,941 76,557 448,973 37,311 134,803 83,122 97,101 76,831 447,191 36,939 135,918 83,274 100,527 77,606 457,480 40,154 137,117 83,371 Bond yields, domestic corporate (Moody' s) 3/ percent.. Stock prices, 500 stocks (Stand. § Poor's)~4/...1941-43=10.. Industrial, 400 stocks do.... 8.85 89.64 98.56 8.87 90.11 99.08 9.78 101.25 113.03 9.77 102.12 114.03 9.76 102.65 114.63 PRODUCTION: Bituminous coal Electric power, by utilities Motor vehicles (passenger cars) Petroleum (crude) and condensate 3/ thous. sh. tons.. mil. kw.-hr.. number.. thous. bbl.. 14,075 37,465 216,228 9,012 15,065 37,266 213,455 9,012 15,145 40,576 198,023 8,691 15,445 41,260 204,467 8,691 13,995 40,991 137,442 8,713 Steel, raw Rate of capability utilization 5/ thous. sh. tons.. percent.. 2,560 84.2 2,679 88.2 2,835 94.4 2,845 94.7 2,833 83.0 RAIL FREIGHT, REVENUE TON-MILES 276.3 251.1 295.1 ell3,363 125,639 39,513 208 9.78 102.31 114.10 119,984 2,850 93.6 17.6 bil.. 1/ Data do not always cover calendar weeks. 2/ Tuesday p r i c e . _3/ Daily average. 4/ Wednesday d a t a . 5/ Capability for a f u l l order book based on current a v a i l a b i l i t y of raw m a t e r i a l s , f u e l s , s u p p l i e s , and industry f a c i l i t i e s . e_/ Estimated. MONTHLY BUSINESS STATISTICS 1979 Feb. r/ Mar. r/ Dec. r/ Jan. r/ Feb. r/ DOMESTIC TRADE RETAIL TRADE, ALL RETAIL STORES: ESTIMATED SALES (UNADJUSTED) , TOTAL 1/ Durable goods stores Bldg. materials, hardware, garden supply, and mobile home dealers Automotive dealers Furn., home furn. and equip Nondurable goods stores General merch. group stores Department stores Food stores Grocery stores Gasoline service stations Apparel and accessory stores Eating and drinking places Drug and proprietary stores ESTIMATED SALES (SEAS. ADJ. ) , TOTAL 1/ Durable goods stores Bldg. mat., hdwre, garden supply, etc. dealers A.utoniQtive d e a l e r s Furn., home furn. and equip Nondurable goods stores General merch. group stores Department stores Food stores Grocery stores Gasoline service stations Apparel and accessory stores Eating and drinking places Drug and proprietary stores r / Revised. 53,612 17,936 64,764 22,777 84,597 25,872 61,878 21,100 60,607 21,043 71,933 26,226 do. .. do. . . do. . . 2,461 11,119 2,539 3,170 14,560 2,902 3,560 12,452 4,216 2,873 12,805 2,959 2,720 12,940 2,877 3,580 16,388 3,351 do... do.. . do. . . do... do.. . 35,676 5,524 4,424 12,792 11,892 41,987 7,366 5,894 14,529 13,482 58,725 15,784 12,635 16,690 15,243 40,778 5,946 4,747 14,944 13,769 39,564 5,921 4,682 14,206 13,024 45,707 7,704 6,132 16,180 14,780 do... do... do... do.. . 4,404 2,151 4,734 1,847 4,906 2,940 5,579 2,070 5,318 5,698 6,141 3,040 5,059 2,689 5,389 2,139 4,912 2,402 5,414 2,059 5,358 3,082 6,364 2,253 do. .. do... do... do. . . do. .. do... do. .. do.. . do.. . 62,898 21,244 3,324 12,&8S 2,934 41,654 7,815 6,338 14,070 13,054 64,075 21,813 3,397 13,132 2,924 42,262 7,952 6,420 14,177 13,153 70,918 25,163 4,009 14,558 3,307 45,755 8,716 6,897 15,284 13,984 70,855 25,250 3,956 15,011 3,337 45,605 8,402 6,791 15,659 14,358 71,097 24,949 3,694 14,755 3,326 46,148 8,370 6,708 15,630 14,296 71,821 25,620 3,895 15,118 3,430 46,201 8,442 6,753 15,581 14,198 do. ., do. . . do... do. .. 5,005 2,862 5,563 2,023 4,996 2,983 5,787 2,050 5,292 3,376 6,184 2,232 5,353 3,273 6.041 2,278 5,582 3,195 6,362 2,258 5,434 3,365 6,554 2,264 mil. $. do... do . MONTHLY BUSINESS STATISTICS —Continued 3 1978 Feb. LABOR FORCE, EMPLOYMENT AND EARNINGS LABOR FORCE, total, persons 16 years of age and over not seasonally adjusted Civilian labor force Employed, total Agriculture Nonagricultur al industries Unemployed Civilian labor force seasonally adjusted Employed, total Agr icul ture Nonagricultural industries Unemployed Long-term-15 weeks and over thous. do... do.. . do. .. do... do. .. do... do. .. do.. . do.. . do... do.. . 100,048 97,924 91,185 2,771 88,413 6,739 99,139 93,047 3,280 89,767 6,092 1,559 100,565 98,443 91,964 2,913 89,051 6,479 99,435 93,282 3,334 89,948 6,153 1,488 103,740 101,632 95,906 2,990 92,916 5,725 101,867 95,855 3,387 92,468 6,012 1,208 102,961 100,867 94,436 2,762 91,673 6,431 102,183 96,300 3,232 93,068 5,883 1,251 103,343 101,249 94,765 2,796 91,969 6,484 102,527 96,647 3,311 93,335 5,881 1,260 EMPLOYEES ON PAYROLL OF NONAGRIC. ESTAB., SEAS. ADJ Private sector Nonmanufacturing industries Goods -producing Mining Contract construction do... do.. . do. .. do. .. do. .. do. .. 84,188 68,838 48,699 24,724 684 3,901 84,726 69,291 49,061 24,927 698 3,999 87,281 71,810 51,081 26,030 904 4,397 r87,524 r72,063 r51,238 r26,lll r905 r4,381 r87,832 r72,370 r51,468 r26,201 916 r4,383 do... do ... do. .. 20,139 11,986 8,153 20,230 12,041 8,189 20,729 12,491 8,238 r20,825 rl2,562 r8,263 r20,902 rl2,656 r8,246 do.. . do... do... do. .. do. .. do... do... do. . . do. .. do.. . 59,464 4,782 19,071 4,828 14,243 4,591 15,670 15,350 2,736 12,614 59,799 4,817 19,169 4,854 14,315 4,605 15,773 15,435 2,739 12,696 61,251 4,967 19,697 4,995 14,702 4,789 16,327 15,471 2,734 12,737 r61,413 r4,974 rl9,817 r5,020 rl4,797 r4,809 rl6,352 rl5,461 r2,755 rl2,706 r61,631 r5,004 rl9,910 r5,033 rl4,877 4,828 rl6,427 rl5,462 r2,755 rl2,707 Indexes of aggregate weekly employee-hours (prod, workers): Private nonagric. payrolls, total, (seas, adjJ..1967=100. Goods-producing do. .. Mining do... Contract construction do. .. Manufacturing do. .. Durable goods do.. . Service-producing do.. . Transportation, communication, electricity, gas..do... Wholesale and retail trade do... Retai 1 trade do ... Finance, insurance, and real estate do.. . Services do. .. 117.1 100.9 106.8 104.2 100.1 101.9 128.4 107.7 124.2 124.4 135.1 141.8 119.1 103.6 111.3 111.5 102.0 103.9 129.8 109.1 125.9 126.1 135.4 143.3 122.9 109.1 149.1 126.5 104.6 108.3 132.5 110.3 128.7 128.8 140.9 145.4 rl22.6 rl08.7 rl49.2 120.6 105.1 rl08.8 rl32.3 rill.2 rl27.6 rl27.3 141.7 rl45.8 rl23.3 rl09.2 rl48.3 rl22.3 rl05.5 rl09.8 rl33.1 rill.3 rl28.6 rl28.4 rl42.0 rl46.9 Indexes of average hourly earnings, seasonally adjusted: Private nonfarm economy (prod, or nonsupervisory workers) Current do 1 lars do. . 1967 dollars do.. Mining do. . Contract construction do. . Manufacturing do.. 206.6 109.4 221.0 200 209, 208.3 109.5 222.5 203.0 211.0 220. 108. 249. 212. 224. r222.6 rl08.5 r251.7 213.4 r225.4 r223.7 rl07.7 r254.3 r216.1 r227.1 do.. do.. do. . do.. 224. 199. 187. 206 225.6 201.5 188.9 208.7 238.3 214.6 202.0 218.9 r2 38.9 r217.8 r202.3 r221.7 239.0 r218.4 r203.9 r222.0 mi 1. $ . . do.. .. 18,959 18,538 24,611 21,318 27,478 21,283 22,608 22,902 21,797 21,325 Manufacturing Durable goods Nondurable goods Service-Producing Transportation, communication, e l e c , gas, etc Wholesale and retail trade Wholesale trade Retail trade Finance, insurance, and real estate Services Government Federal State and local Transportation, communication, e l e c , gas., etc Wholesale and retail trade Finance, insurance, and real estate Services FINANCE CONSUMER INSTALLMENT CREDIT Total extended and liquidated: Unadjusted: Extended Liquidated Seasonally adjusted: Extended, total 1/ By major holder: Commercial banks Finance companies Credit unions Retailers By major credit type: Automobile Revolving Mobile home Liquidated, total 1/ By major holder:" Commercial banks Finance companies Credit unions Retailers r/ Revised. p_/ Preliminary. 26,500 25,544 26,202 ,.,.,. ,do, = = = do.. . . do... . do. .. . 10,792 3,'698 3,086 3,232 11,382 3^857 3,282 3,438 12,521 4*679 3,526 3,612 12,153 4,*547 3,241 3,565 12 430 4,'822 3,238 3,460 do. . . . do. .. . do. ... 6,730 8,147 405 7,043 8,398 493 7,833 9,424 5 02 7,545 9,417 369 7,756 9,357 454 do. . . . 19,896 19,849 22,100 22,483 22,894 149 147 45 7 427 9,169 3,178 2,517 3,228 10,441 3,581 2,753 3,416 10,823 3,206 2,881 3,655 10,800 3,617 2,836 3,681 do.... 22,758 do... . do ... . do . do. . . . 1/ Includes data not shown separately. 4 MONTHLY BUSINESS STATISTICS—Continued 1978 1979 FINANCE--Con. CONSUMER INSTALLMENT CREDIT--Con. T o t a l e x t e n d e d and l i q u i d a t e d - - C o n . Seasonally adjusted--Con. Liquidated--Con. By t y p e o f c r e d i t : Automobile Revolving M o b i l e home. Total outstanding, .mil. $ , do.., do.., end o f y e a r o r month By m a j o r h o l d e r : If Commercial b a n k s Finance companies Credit unions Retailers .do. . 9,040 398 233,842 275,640 2 75,346 275,818 136,189 54,309 45,939 24,876 136,452 55,004 45,526 23,962 136,671 55,728 45,661 23,246 ...................do.., do. . do.. 83,826 38,143 15,070 85,757 38,034 15,149 102,468 47,051 16,042 102,890 46,516 16,004 103,780 45,586 16,008 134,500 110,235 304 98,450 11,718 136,643 113,604 332 101,577 11,718 153,151 123,488 1,174 110,562 11,671 147,138 119,730 4,366 101,279 11,592 rl47,749 rl21,207 rl,603 103,486 11,544 151,683 124,177 964 110,940 11,479 134,500 30,805 26,047 90,703 136,643 33,697 27,900 91,666 153,151 36,972 31,152 103,325 147,138 34,666 29,931 99,354 rl47,749 r34,288 r29,723 99,999 151,683 38,352 31,615 100,654 I n c l u d e s d a t a n o t shown • & U . S . GOVERNMENT PRINTING OFFICE: .do.., ....do.. do. . ....do.. do.. .do.. do. ., do.. .....do.. separately. 1979--281 —051/39 UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON, D.C. 20402 OFFICIAL BUSINESS First-Class Mail WEEKLY BUSINESS STATISTICS 5,865 8,984 329 115,050 45,608 38,724 21,639 Liabilities, total Deposits, total Member-bank r e s e r v e b a l a n c e s Federal Reserve notes in c i r c u l a t i o n 1/ 6,053 8,555 431 113,205 45,099 37,758 21,869 FEDERAL RESERVE BANKS, CONDITION, END OF MONTH: Assets, total Reserve bank credit outstanding, total Time 1 oans U.S. Government securities Gold certificate account Revised. 5,409 7,566 398 . . . . . . . . . . do.. . . . . . . . . . . . . . . . . . . . . . . . . do.. .do. . .do.. By type of credit: 1/ Automobile Revolving Mobile home r/ 5,397 7,698 389 POSTAGE AND FEES PAID U.S. DEPARTMENT OF COMMERCE COM-209
@FedFRASER